Time and the Ocean and some guiding star and High Cabal have made us what we are.
You can design a mortgage system that is different without a Fannie and Freddie, but there are principles you have to have, to have a good system.
I don't think you're going to have one bank. Big companies aren't going to give us all their business. So they can pick and choose - by product, by country, whatever. We have major competition across every product in every place we operate.
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
Let's look at lending, where they're using big data for the credit side. And it's just credit data enhanced, by the way, which we do, too. It's nothing mystical. But they're very good at reducing the pain points. They can underwrite it quicker using - I'm just going to call it big data, for lack of a better term: "Why does it take two weeks? Why can't you do it in 15 minutes?"
I am struck that so many of our leaders in the U. S. forget how strong our country can be.
My guess is the big Chinese banks will be in 100 countries by then. They will have very sophisticated operations, and they may very well have bought banks around the world in countries that allow it. I mean, I don't think the American government would allow them to buy JPMorgan. But they will be able to buy a sizable big bank in the U. S. at some point. Whether they do or not, or if it's allowed or not, I don't know.
Like Woody Allen actually does this a lot in his movies, its kind of called magical realism where he has just kind of an everyday, these kind of everyday experiences and all the sudden something magical or supernatural will come into to and I just, I love that and I think everybody can kind of - everybody wants that at some point in their life.
I hated tobacco. I could have almost lent my support to any institution that had for its object the putting of tobacco smokers to death. . . I now feel that smoking in moderation is a comfortable and laudable practice, and is productive of good. There is no more harm in a pipe than in a cup of tea. You may poison yourself by drinking too much green tea, and kill yourself by eating too many beefsteaks. For my part, I consider that tobacco, in moderation, is a sweetener and equalizer of the temper.
The more users' expectations prove right, the more they will feel in control of the system and the more they will like it.
I didn't really want to write just lyrics, but I wanted to meet Leonard Bernstein. Music was always the first reason I was writing songs.